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SB19-055

Reduce State Income Tax Rate

Concerning a reduction of the state income tax rate.
Session:
2019 Regular Session
Subjects:
Fiscal Policy & Taxes
State Revenue & Budget
Bill Summary

For income tax years commencing on and after January 1, 2019, the bill:

  • Reduces both the individual and the corporate state income tax rate from 4.63% to 4.49%; and
  • Reduces the state alternative minimum tax by 0.14%.
    (Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. J. Sonnenberg
Rep. R. Pelton

Sponsor

Co-sponsor

COVID-19 Resources

Temporary Guidelines for Review and Comment Meetings

The House and Senate are temporarily adjourned. The building is closed to the public.